Zhejiang Expressway Co Ltd
HKEX:576
Income Statement
Earnings Waterfall
Zhejiang Expressway Co Ltd
Revenue
|
17B
CNY
|
Cost of Revenue
|
-9.8B
CNY
|
Gross Profit
|
7.2B
CNY
|
Operating Expenses
|
316.5m
CNY
|
Operating Income
|
7.5B
CNY
|
Other Expenses
|
-2.3B
CNY
|
Net Income
|
5.2B
CNY
|
Income Statement
Zhejiang Expressway Co Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
7 910
N/A
|
8 187
+4%
|
8 326
+2%
|
8 615
+3%
|
9 460
+10%
|
10 028
+6%
|
11 524
+15%
|
12 371
+7%
|
10 725
-13%
|
10 833
+1%
|
9 876
-9%
|
9 352
-5%
|
9 735
+4%
|
9 379
-4%
|
9 067
-3%
|
8 938
-1%
|
9 626
+8%
|
9 543
-1%
|
10 348
+8%
|
10 825
+5%
|
11 192
+3%
|
11 593
+4%
|
11 888
+3%
|
11 926
+0%
|
11 955
+0%
|
11 230
-6%
|
10 280
-8%
|
11 353
+10%
|
12 452
+10%
|
14 530
+17%
|
16 046
+10%
|
16 314
+2%
|
16 263
0%
|
16 197
0%
|
15 594
-4%
|
15 462
-1%
|
15 332
-1%
|
15 062
-2%
|
15 871
+5%
|
15 953
+1%
|
16 965
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 007)
|
(5 158)
|
(5 252)
|
(5 384)
|
(5 898)
|
(6 143)
|
(6 873)
|
(7 293)
|
(5 279)
|
(5 352)
|
(4 671)
|
(4 181)
|
(4 596)
|
(4 151)
|
(3 889)
|
(3 735)
|
(4 656)
|
(4 563)
|
(5 006)
|
(5 354)
|
(5 807)
|
(6 205)
|
(6 414)
|
(6 485)
|
(6 681)
|
(7 186)
|
(7 295)
|
(7 721)
|
(8 038)
|
(8 242)
|
(8 627)
|
(9 199)
|
(9 521)
|
(9 338)
|
(9 430)
|
(9 179)
|
(9 365)
|
(9 093)
|
(9 177)
|
(8 977)
|
(9 766)
|
|
Gross Profit |
2 903
N/A
|
3 029
+4%
|
3 073
+1%
|
3 231
+5%
|
3 562
+10%
|
3 885
+9%
|
4 651
+20%
|
5 078
+9%
|
5 446
+7%
|
5 482
+1%
|
5 206
-5%
|
5 171
-1%
|
5 139
-1%
|
5 228
+2%
|
5 178
-1%
|
5 203
+0%
|
4 970
-4%
|
4 980
+0%
|
5 342
+7%
|
5 472
+2%
|
5 385
-2%
|
5 388
+0%
|
5 474
+2%
|
5 441
-1%
|
5 274
-3%
|
4 044
-23%
|
2 984
-26%
|
3 632
+22%
|
4 413
+22%
|
6 288
+42%
|
7 419
+18%
|
7 115
-4%
|
6 741
-5%
|
6 858
+2%
|
6 164
-10%
|
6 283
+2%
|
5 967
-5%
|
5 969
+0%
|
6 694
+12%
|
6 975
+4%
|
7 199
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(10)
|
1
|
11
|
2
|
(9)
|
(18)
|
(52)
|
36
|
(162)
|
(25)
|
22
|
(19)
|
118
|
91
|
(118)
|
(186)
|
(93)
|
(130)
|
204
|
181
|
(34)
|
199
|
10
|
125
|
(69)
|
6
|
208
|
194
|
(152)
|
224
|
171
|
256
|
26
|
357
|
90
|
(46)
|
(143)
|
1 831
|
1 812
|
1 953
|
317
|
|
Selling, General & Administrative |
(86)
|
(82)
|
(82)
|
(82)
|
(106)
|
(114)
|
(120)
|
(123)
|
(88)
|
(86)
|
(83)
|
(85)
|
(82)
|
(77)
|
(73)
|
(73)
|
(98)
|
(98)
|
(114)
|
(113)
|
(94)
|
(128)
|
(126)
|
(135)
|
(136)
|
(142)
|
(133)
|
(129)
|
(160)
|
(152)
|
(156)
|
(171)
|
(180)
|
(174)
|
(179)
|
(167)
|
(177)
|
(172)
|
(179)
|
(191)
|
(184)
|
|
Other Operating Expenses |
75
|
82
|
93
|
84
|
97
|
96
|
68
|
159
|
(73)
|
60
|
105
|
65
|
200
|
168
|
(45)
|
(113)
|
6
|
(31)
|
318
|
294
|
59
|
328
|
136
|
260
|
67
|
149
|
341
|
323
|
9
|
376
|
327
|
428
|
205
|
531
|
268
|
120
|
35
|
2 003
|
1 992
|
2 144
|
500
|
|
Operating Income |
2 892
N/A
|
3 030
+5%
|
3 084
+2%
|
3 233
+5%
|
3 553
+10%
|
3 867
+9%
|
4 599
+19%
|
5 114
+11%
|
5 284
+3%
|
5 457
+3%
|
5 228
-4%
|
5 152
-1%
|
5 257
+2%
|
5 320
+1%
|
5 060
-5%
|
5 017
-1%
|
4 878
-3%
|
4 851
-1%
|
5 546
+14%
|
5 652
+2%
|
5 351
-5%
|
5 587
+4%
|
5 484
-2%
|
5 566
+1%
|
5 205
-6%
|
4 050
-22%
|
3 192
-21%
|
3 826
+20%
|
4 262
+11%
|
6 512
+53%
|
7 589
+17%
|
7 371
-3%
|
6 767
-8%
|
7 215
+7%
|
6 254
-13%
|
6 237
0%
|
5 824
-7%
|
7 800
+34%
|
8 506
+9%
|
8 928
+5%
|
7 516
-16%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
67
|
59
|
104
|
191
|
98
|
67
|
116
|
(52)
|
27
|
(111)
|
(330)
|
(167)
|
(369)
|
(235)
|
(3)
|
44
|
306
|
318
|
(158)
|
(343)
|
(259)
|
(204)
|
(54)
|
212
|
530
|
491
|
583
|
273
|
389
|
(5)
|
336
|
966
|
1 293
|
536
|
448
|
(7)
|
(381)
|
412
|
447
|
200
|
365
|
|
Non-Reccuring Items |
0
|
0
|
25
|
25
|
0
|
0
|
0
|
0
|
54
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
16
|
23
|
22
|
17
|
31
|
32
|
(19)
|
(51)
|
(117)
|
(186)
|
(126)
|
(32)
|
104
|
64
|
57
|
(22)
|
1 899
|
(58)
|
(68)
|
(60)
|
(29)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
2 959
N/A
|
3 089
+4%
|
3 213
+4%
|
3 449
+7%
|
3 651
+6%
|
3 934
+8%
|
4 715
+20%
|
5 062
+7%
|
5 366
+6%
|
5 346
0%
|
4 898
-8%
|
4 986
+2%
|
4 889
-2%
|
5 085
+4%
|
5 057
-1%
|
5 061
+0%
|
5 183
+2%
|
5 169
0%
|
5 388
+4%
|
5 311
-1%
|
5 108
-4%
|
5 406
+6%
|
5 453
+1%
|
5 796
+6%
|
5 767
-1%
|
4 573
-21%
|
3 756
-18%
|
4 048
+8%
|
4 534
+12%
|
6 320
+39%
|
7 800
+23%
|
8 304
+6%
|
8 164
-2%
|
7 815
-4%
|
6 759
-14%
|
6 208
-8%
|
7 342
+18%
|
8 154
+11%
|
8 885
+9%
|
9 068
+2%
|
7 852
-13%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(754)
|
(782)
|
(813)
|
(885)
|
(905)
|
(978)
|
(1 180)
|
(1 269)
|
(1 397)
|
(1 392)
|
(1 266)
|
(1 278)
|
(1 162)
|
(1 182)
|
(1 146)
|
(1 120)
|
(1 192)
|
(1 174)
|
(1 206)
|
(1 162)
|
(1 113)
|
(1 196)
|
(1 227)
|
(1 302)
|
(1 352)
|
(1 080)
|
(938)
|
(1 040)
|
(1 160)
|
(1 511)
|
(1 784)
|
(1 862)
|
(1 874)
|
(1 749)
|
(1 584)
|
(1 285)
|
(1 039)
|
(1 030)
|
(1 051)
|
(1 156)
|
(1 229)
|
|
Income from Continuing Operations |
2 205
|
2 307
|
2 399
|
2 564
|
2 746
|
2 956
|
3 535
|
3 792
|
3 969
|
3 954
|
3 631
|
3 708
|
3 727
|
3 902
|
3 911
|
3 942
|
3 991
|
3 995
|
4 183
|
4 149
|
3 995
|
4 210
|
4 226
|
4 494
|
4 415
|
3 493
|
2 818
|
3 008
|
3 374
|
4 810
|
6 015
|
6 443
|
6 290
|
6 067
|
5 176
|
4 923
|
6 303
|
7 123
|
7 834
|
7 912
|
6 622
|
|
Income to Minority Interest |
(306)
|
(327)
|
(359)
|
(416)
|
(481)
|
(571)
|
(838)
|
(931)
|
(1 036)
|
(992)
|
(825)
|
(852)
|
(770)
|
(814)
|
(811)
|
(766)
|
(789)
|
(763)
|
(656)
|
(595)
|
(479)
|
(511)
|
(593)
|
(637)
|
(704)
|
(592)
|
(592)
|
(697)
|
(957)
|
(1 153)
|
(1 346)
|
(1 538)
|
(1 528)
|
(1 449)
|
(1 340)
|
(1 194)
|
(1 124)
|
(1 283)
|
(1 379)
|
(1 395)
|
(1 399)
|
|
Net Income (Common) |
1 899
N/A
|
1 980
+4%
|
2 041
+3%
|
2 147
+5%
|
2 265
+5%
|
2 384
+5%
|
2 697
+13%
|
2 861
+6%
|
2 990
+4%
|
3 020
+1%
|
2 863
-5%
|
2 914
+2%
|
3 037
+4%
|
3 168
+4%
|
3 180
+0%
|
3 255
+2%
|
3 202
-2%
|
3 232
+1%
|
3 527
+9%
|
3 554
+1%
|
3 515
-1%
|
3 699
+5%
|
3 633
-2%
|
3 856
+6%
|
3 711
-4%
|
2 901
-22%
|
2 226
-23%
|
2 311
+4%
|
2 416
+5%
|
3 657
+51%
|
4 670
+28%
|
4 905
+5%
|
4 762
-3%
|
4 618
-3%
|
3 835
-17%
|
3 730
-3%
|
5 179
+39%
|
5 840
+13%
|
6 456
+11%
|
6 517
+1%
|
5 224
-20%
|
|
EPS (Diluted) |
0.43
N/A
|
0.45
+5%
|
0.47
+4%
|
0.5
+6%
|
0.52
+4%
|
0.56
+8%
|
0.63
+13%
|
0.67
+6%
|
0.68
+1%
|
0.69
+1%
|
0.65
-6%
|
0.66
+2%
|
0.68
+3%
|
0.71
+4%
|
0.72
+1%
|
0.73
+1%
|
0.71
-3%
|
0.65
-8%
|
0.81
+25%
|
0.81
N/A
|
0.76
-6%
|
0.83
+9%
|
0.77
-7%
|
0.86
+12%
|
0.82
-5%
|
0.66
-20%
|
0.51
-23%
|
0.53
+4%
|
0.51
-4%
|
0.82
+61%
|
1.03
+26%
|
1.01
-2%
|
0.96
-5%
|
0.99
+3%
|
0.88
-11%
|
0.75
-15%
|
1.15
+53%
|
1.17
+2%
|
1.28
+9%
|
1.31
+2%
|
0.97
-26%
|